Bitcoin seems to drop faster than rises (rate of change, obviously not absolute) - page 2.

Cherylstar86

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Quote from: btc_angela on July 20, 2019, 10:04:47 PM

Quote from: Bitcoinwaist on July 16, 2019, 12:36:33 PM

Damn those whales are good.They just locked in a boatload of bagholders. Price is down almost 30% from $13xxx. More pain ahead. Wash, rinse and repeat.

They're the master of manipulation, lol, that is why they are call whales. Anyways, we went < 5 digits but it seems that we are back again and could hit $11k anytime soon. So if they whales manipulated it and you are able to ride with them buy buying more at around $9200 then obviously you're already a winner at the current price, rinse and repeat.

What truly occur on the present situation is about adjustment which ordinarily happen in crypto world. The market stage enduring high volatilization which likewise take as one of the reason of its snappy fall. What's more, ideally it will recoup soon.

btc_angela

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Quote from: Bitcoinwaist on July 16, 2019, 12:36:33 PM

Damn those whales are good.They just locked in a boatload of bagholders. Price is down almost 30% from $13xxx. More pain ahead. Wash, rinse and repeat.

They're the master of manipulation, lol, that is why they are call whales. Anyways, we went < 5 digits but it seems that we are back again and could hit $11k anytime soon. So if they whales manipulated it and you are able to ride with them buy buying more at around $9200 then obviously you're already a winner at the current price, rinse and repeat.

yvesp110

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Quote from: romero121 on July 16, 2019, 12:16:56 PM

Quote from: izanagi narukami on July 16, 2019, 08:36:49 AM

Yes, it's the fact that bitcoin value can't stay in the sky so if you want to make profit from it, follow the trend until it reach highest peak.
But if it's too late, you still can hold it for few months , years until it reach your expectation.

Remember that you're follow the trend not the trend following your need

That's the reality, it's like the aircraft in the sky. It cannot stay for a long in the sky, maybe beyond certain height it can stay for a longer time period. Here, if we're too late we miss the opportunity, so it is good to take your own time and decide what needs to be done to overcome the market fluctuations and experience some profit unlike the market trend.

We know that everyone gets chance to have profit from crypto currency increases and falls so we only have to use this chance it is very important to buy some bitcoin at low price then we will have to hold because only with holding we can make profit. Those to lose patience and sell for panic they only get lose.. because huge things takes time to happen.

FanEagle

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I think people have a good point when they say it requires faster than it rises because we have usdt but we do not have btct type of thing, which means people can get out of bitcoin easier than they can get into bitcoin, for example I can sell my bitcoins and move to usdt instead of withdrawing all the way to my bank account whereas if I want to buy bitcoins then I have to put money from my bank account itself (unless I already have usdt which usually means I already once had bitcoin so it is zero-zero).

I feel like if you check the support walls and resistance walls the situation is same as well, there is bigger walls on resistance but there are smaller walls on support so it is easier to go back down whereas it is harder to go back up. It is my own thought of course, maybe I am very wrong who knows.

Bitcoinwaist

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Damn those whales are good.They just locked in a boatload of bagholders. Price is down almost 30% from $13xxx. More pain ahead. Wash, rinse and repeat.

romero121

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Quote from: izanagi narukami on July 16, 2019, 08:36:49 AM

Yes, it's the fact that bitcoin value can't stay in the sky so if you want to make profit from it, follow the trend until it reach highest peak.
But if it's too late, you still can hold it for few months , years until it reach your expectation.

Remember that you're follow the trend not the trend following your need

That's the reality, it's like the aircraft in the sky. It cannot stay for a long in the sky, maybe beyond certain height it can stay for a longer time period. Here, if we're too late we miss the opportunity, so it is good to take your own time and decide what needs to be done to overcome the market fluctuations and experience some profit unlike the market trend.

izanagi narukami

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Yes, it's the fact that bitcoin value can't stay in the sky so if you want to make profit from it, follow the trend until it reach highest peak.
But if it's too late, you still can hold it for few months , years until it reach your expectation.

Remember that you're follow the trend not the trend following your need

Herbert2020

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Quote from: buwaytress on July 15, 2019, 08:44:42 AM

Your maths is really bad. For Bitcoin to drop to zero, it has to drop exactly the same proportion as it has risen, ie. 1x the "speed" of Bitcoin's rise.

Of course drops seem to be more painful than rises. You feel the pain of loss a lot more than you do the joy of gains. It's just human psychology and the way our brains work to process emotional effects of money. A lot of research into it. Helps explain why traders chase losses. Gamblers continually suffer from sunk loss psychology, etc.

Yes drop is painful but on the average, in the boom market, the price rise has always been more than the fall in the market value of Bitcoin. We should expect more rise in the market value of the coin and there are reasons behind the rise of the price of the coin like super speculation and Bitcoin Halving in 2020. So if you invest right now, you would make some good bucks.

next block halving may seem close but in market trend terms it is far away. and as i have been saying all this year, we will continue to see a lot more price rises before we reach the state where there is a big jump in price because of the halving which also will occur at least 1 month before the actual date. i expect price to be closer to $20k by then and the halving to push it beyond the previous ATH and kick start the next bubble.

shoreno

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Quote from: sandra_x on July 15, 2019, 08:30:50 AM

It actually goes both ways, seen bitcoin rise more than 15 percent within 24 hrs

the rise that your talking about is only small and its only a recovery for its drop and these were only happening this month or this year but at the past there are more drops than the rise .

btc drops fast because people sells in a quicker fashion because that is the only reason on why they are here investing and scouting for the price . they need to act quick if not they will miss the oppurtunity .

arpon11

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Quote from: UnDerDoG81 on July 11, 2019, 10:51:42 AM

Whales need new lambos...

The bull is doing very well this day just that whales are really manipulating the market to make more money from the market and there are notting the micro traders can do than to keep holding. The up and down of the market provide them the opportunity to buy low and sell high and keep doing this to fatting their pockets. I wish I have such large funds to be part of the market makers and the whales in the cryptocurrency market

Ridwan Fauzi

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Panic buy and panic sell always been happened on this market, but yeah the people will prepare to sell their coin when the price will be down. Disparate when they will buy it, he will use a lot of strategies to strengthen their sales, other than that for this time most people still have a doubt that bitcoin price will touch another ATH or continue to increase, as you may know bitcoin price had decreased a lot since 2018 and have killed many investors. But it would be different when bitcoin price pass $20.00, I guess there will be many people who start to buy it and hold for long term investment.

STT

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Bitcoin doesnt drop that harshly recently, not as percentage when we compare to the gains already. Its just profit taking which is not that severe compared to a proper drop.

So I'm really looking to see if the daily bar is going to close sub 11,000 or not because that would at least give more possibility to the negative.

exstasie

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Quote from: fabiorem on July 15, 2019, 06:41:48 AM

I believe price is being suppressed. It already passed a correction, but its not rising past 13k.

Maybe its the whales from the evil bitcoin SV cult. It is said they have a lot of money to suppress bitcoin.

I doubt it, or the effect was negligible. This is 100% normal price action. Aggravating for bulls because of the lack of bounces on the way down, but normal. We still only dropped 30% during this correction. Dropping 40% would be normal for Bitcoin if we compare to the 2017 bull market.

iv4n

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Quote from: YOSHIE on July 15, 2019, 03:15:42 AM

That's called trading sometimes goes up sometimes down, cryptocurrency like Bitcoin is also experiencing the same thing.
* You remember in 2017 the time went up, and when the price of Bitcoin dropped to a drop of $ 3000, without stopping.
* You remember yesterday when mid-2019 when rising, who would have guessed.
In the world of investment, it is highly prioritized, patience, do not panic, for the future everything will improve, maybe this is an influence on the world which is currently struggling with the economy.

Just one correction, fall from 20k to 3k wasn`t a straight line. As I remember, checking charts from that period can confirm that. Everything else you stated is true, when people trade too much, price will fluctuate, when you add high rollers who trade with huge amounts, price will go down/up very fast.
People will panic no matter what we say. We already seen huge rise this year, but this little drop affected people to think about the worst case scenario, again. It`s like that since I`m here, price was 200 dollars, can you imagine that? With every drop, people wrote about some doom, the best thing to do is to not pay attention.

buwaytress

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Your maths is really bad. For Bitcoin to drop to zero, it has to drop exactly the same proportion as it has risen, ie. 1x the "speed" of Bitcoin's rise.

Of course drops seem to be more painful than rises. You feel the pain of loss a lot more than you do the joy of gains. It's just human psychology and the way our brains work to process emotional effects of money. A lot of research into it. Helps explain why traders chase losses. Gamblers continually suffer from sunk loss psychology, etc.

sandra_x

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It actually goes both ways, seen bitcoin rise more than 15 percent within 24 hrs but it is particular very painful to see your asset fall by the same margin the same time frame. As with all emerging assets class, more risk more reward certainly does apply to bitcoins. I am holding on tightly to my coin because in a few days time, we are likely to better prices

BrewMaster

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Quote from: fabiorem on July 15, 2019, 06:41:48 AM

I believe price is being suppressed. It already passed a correction, but its not rising past 13k.

Maybe its the whales from the evil bitcoin SV cult. It is said they have a lot of money to suppress bitcoin.

that is an interesting theory but i don't think the possibility of it being the case we have these days is that high. we have not been above $10k price that long to now want to rise another 30 to 40% that easily without the day traders cashing out their profits. and the $13k level seems like a challenging resistance that is causing these follow up drops each time it is tested.
if we get stuck in here for another month or drop lower than $10k then i start worrying about manipulation.

fabiorem

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I believe price is being suppressed. It already passed a correction, but its not rising past 13k.

Maybe its the whales from the evil bitcoin SV cult. It is said they have a lot of money to suppress bitcoin.

YOSHIE

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That's called trading sometimes goes up sometimes down, cryptocurrency like Bitcoin is also experiencing the same thing.
* You remember in 2017 the time went up, and when the price of Bitcoin dropped to a drop of $ 3000, without stopping.
* You remember yesterday when mid-2019 when rising, who would have guessed.
In the world of investment, it is highly prioritized, patience, do not panic, for the future everything will improve, maybe this is an influence on the world which is currently struggling with the economy.

maydna

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This time the correction comes too deep and makes the price drops too far, and we already saw the price does not increase in a few days ago until now. But I believe that in the end, the bitcoin price will start to increase back as usual although perhaps, we will see another down of the price again. But I am sure it will rise high later.

No one can predict what is happening in yesterday or this day, and I think this makes some traders panic to see the price drops too deep. But I hope that they can hold their feeling and not to sell their bitcoin because of fear, because that will makes the price will go down again.

Topic: Bitcoin seems to drop faster than rises (rate of change, obviously not absolute) - page 2. (Read 1026 times)